EUR/USD -- Closed below 200-DMA first time since April
2017; 1.2070-90 area now resistance; pair stays bearish on closes below 1.2164;
momentum studies in most USD pairs are now overstretched
* 3rd resistance: 1.2139, April 30 high
* 2nd resistance: 1.2070-90, January breakout area
* 1st resistance: 1.2056, April 27 low
* Spot: 1.1992
* 1st support: 1.1982, May 1 low
* 2nd support: 1.1955, pivot s1
* 3rd support: 1.1925, 233-DMA
GBP/USD -- cable drops below trendline support since August; bearish
momentum could see test of trendline since June coming ~1.3500;
55-weekly MA at 1.3372; 21-DMA set to cross lower falling 55-DMA
* 3rd resistance: 1.3773, May 1 high
* 2nd resistance: 1.3713, April 30 low
* 1st resistance: 1.3688, midpoint of May 1 losses
* Spot: 1.3601
* 1st support: 1.3581, Asia session low
* 2nd support: 1.3536, 200-DMA
* 3rd support: 1.3408, 38.2% Fibonacci retracement of rally
since October 2016 flash crash
USD/JPY -- Alongside many dollar pairs, suggests rally to pause on daily basis, while weekly
potential for gains remains strong; 200-DMA in play
* 3rd resistance: 110.85, 61.8% Fibonacci retracement of losses
since Nov. 6
* 2nd resistance: 110.63, trendline since Nov. 6
* 1st resistance: 110.23, 200-DMA
* Spot: 109.80
* 1st support: 109.54, April 27 high
* 2nd support: 109.24, May 1 low
* 3rd support: 108.64, conversion line
AUD/USD --;bulls need close above Dec. 8 0.7502 low to indicate false break,
relief rebound
* 3rd resistance: 0.7621, April 24 high
* 2nd resistance: 0.7547, May 1 high
* 1st resistance: 0.7525, April 30 low
* Spot: 0.7509
* 1st support: 0.7473, May 1 low
* 2nd support: 0.7429, pivot s2
* 3rd support: 0.7373, June 2017 low
Source Bloomberg Pro Terminal
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